The San Francisco company plans to spend the money on marketing and on new products.

Psilos Group and Maverick Capital, both investors from earlier rounds, gave the money this time.

Martin Watson is CEO of SeeChange Health. The company sells several different products, including motivational software (sold by subscription) to employers to improve their workers' health. After starting life as a technology company, SeeChange later began selling insurance plans to small businesses -- those with two to 200 workers -- in Colorado and California, and it says its business is growing fast in both states.

SeeChange has about a dozen people in its San Francisco office, and about 30 in Studio City.

Al Waxman of Psilos is on SeeChange Health's board of directors. Based in New York, Psilos has an office in Corte Madera and another in Santa Fe.

Maverick Capital has offices in New York, San Francisco, London, Hong Kong, Philadelphia and Dallas.

Steven E.F. Brown is web editor at the San Francisco Business Times.

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